- October 4, 2020
- Posted by: virtualxstore
- Category: trading
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Hello folks! SPCE chart looks awesome: for real. The daily candle and weekly one closed just at the resistance from ATH , so from there we can consider 2 possibilities:
1. Reject and retests the $17 in order to close the CME Gap and then it can continue it’s way back to weekly resistance and attempt for a break up (if it breaks up, on the long run, SPCE is going to grow considerably – after break up, take in consideration a retest of $20, from where it broke)
2. Reject, fill the CME Gap and keep going down (less probable): if $14 is broke, we’ll revisit $10-$11 area.
1. Reject and retests the $17 in order to close the CME Gap and then it can continue it’s way back to weekly resistance and attempt for a break up (if it breaks up, on the long run, SPCE is going to grow considerably – after break up, take in consideration a retest of $20, from where it broke)
2. Reject, fill the CME Gap and keep going down (less probable): if $14 is broke, we’ll revisit $10-$11 area.
This is not financial advice!
Diversity your portofolio!
@TradeWithBravo – Twitter account where I share my thoughts and analyses on stocks and crypto
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